Federal Assistance to Increase Public School Construction ...: Hearings ... on S. 968 ... February 16, 17, 18, and 21, 1955 |
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administration amendment amount assessed valuation BARTMAN believe bond issue borrow BROWNELL build schools CARR Chairman HILL chief State school City rate includes classrooms Commissioner of Education committee constitutional cost Council of Chief debt limits debt service educational agency February 17 Federal aid Federal control Federal funds Federal Government Federal grants FULLER Georgia HIPP interest rate Jersey JUDD lease legislation legislature LINDMAN LISTER HILL loans Maine School Building MCGEE ment million municipal National Education Association obligations payment Pennsylvania percent PERKINS present problem proposed public schools purchase purpose question rent rental require reserve fund school building agency school building authority school construction school facilities school officers Secretary HOBBY Senator ALLOTT Senator DOUGLAS Senator IVES Senator LEHMAN Senator MCNAMARA Senator PAYNE Senator PURTELL Senator SMITH statement superintendent tion United Zanesville
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Page 381 - [Education] is required in the performance of our most basic public responsibilities, even service in the Armed Forces. It is the very foundation of good citizenship. Today it is the principal instrument in awakening the child to cultural values, in preparing him for later professional training, and in helping him to adjust normally to his environment.
Page 233 - general diffusion of the advantages of education being essential to the preservation of the rights and liberties of the people; to aid in the provision of public school buildings in the State, the "Maine School Building Authority," as heretofore created, is authorized and empowered to construct, acquire, alter or improve
Page 12 - or 402, as the case may be (or, in his discretion, that further payments will not be made to the State for projects or programs under the State plan affected by such failure), until he is satisfied that there will no longer he any such failure. Until he is so satisfied the
Page 2 - the date of enactment of this Act on the basis of the average of the per capita incomes of the States and of the continental United States for the three most recent years for which satisfactory data are available from the Department of Commerce, and the percentages so promulgated shall be conclusive for purposes of this title.
Page 11 - PAYMENTS SEC. 404. The method of computing and paying amounts pursuant to section 402 shall be as follows : (a) The Commissioner shall, prior to the beginning of each calendar quarter or other period prescribed by him, estimate the amount to be paid to each State under the provisions of such section for such period,
Page 236 - per year, computed with relation to the absolute maturity of the bonds in accordance with standard tables of bond values; excluding, however, from such computation the amount of any premium to be paid on redemption of any bonds prior to maturity. The proceeds of the bonds shall be used solely for the payment
Page 236 - at public or at private sale and for such price as it may determine to be for the best interests of the authority, but no such sale shall be made at a price so low as to require the payment of interest on the money received therefor at more than
Page 237 - including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds ; and, if deemed advisable by the authority, for the additional purpose of constructing enlargements, extensions or improvements of the project or projects in connection with which the bonds to be refunded shall have been issued or
Page 234 - and to secure any issue of such bonds by a trust agreement by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the State
Page 381 - it is the principal instrument in awakening the child to cultural values, in preparing him for later professional training, and in helping him to adjust normally to his environment.